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MRPL Plunges 6%; BSE OIL & GAS Index Down 4.7%
Mon, 5 Aug 11:29

MRPL Plunges 6%; BSE OIL & GAS Index Down 4.7%Image source: Nikada/www.istockphoto.com

MRPL share price has plunged 6% and is presently trading at Rs 204.2.

Meanwhile, the BSE OIL & GAS index is at 30,793.3 (down 4.7%).

Among the top losers in the BSE OIL & GAS index today are ONGC (down 6.6%) and GAIL (down 6.5%).

Over the last one year, MRPL has moved up from Rs 83.6 to Rs 204.2, registering a gain of Rs 120.6 (up 144.3%).

On the other hand, the BSE OIL & GAS index has moved up from 19,390.7 to 30,793.3, registering a gain of 58.8% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 98.9%), GAIL (up 84.2%) and IOC (up 78.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 78,390.2 (down 3.2%).

The top losers among the BSE Sensex today are Tata Motors (down 6.8%) and Tata Steel (down 5.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,914.3 (down 3.3%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 78,390.2, registering a gain of 11,930.9 points (up 18.0%).

MRPL Financial Update...

MRPL net profit fell 93.5% YoY to Rs 656 million for the quarter ended June 2024, compared to a profit of Rs 10,127 million a year ago. Net sales rose 9.9% to Rs 272,894 million during the period as against Rs 248,251 million in April-June 2023.

For the year ended March 2024, MRPL reported 35.5% increase in net profit to Rs 35,971 million compared to net profit of Rs 26,554 million during FY23. Revenue of the company fell 19.0% to Rs 755,901 million during FY24.

The current Price to earnings ratio of MRPL, based on rolling 12 month earnings, stands at 13.6.

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